How much will my credit score go down by applying for a new card?
Question by stuinblue: How much will my credit score go down by applying for a new card?
I would prefer answers from people who work in the credit industry and can tell me roughly the number of points, and how long it will take for my score to recover once the new higher available credit kicks in…
I know part of your credit score is determined by how much available credit you have. I closed several cards a few years back before I knew it would hurt my score, and now I have very little credit available. I have excellent credit otherwise, and pay off anything I charge the next month. However, I do have a balance I’ve been slowly paying down, and want to open a new card so that my balance takes up less of a proportion to my total credit debt.
How much will this ding my credit in the short term? And how long will the point drop last?
Best answer:
Answer by withluv7
Usually it goes down by a point or two.
Know better? Leave your own answer in the comments!
What is the minimum credit score required to get a Amazon Visa Rewards card?
Question by Le All Knowing…………Mostly: What is the minimum credit score required to get a Amazon Visa Rewards card?
I am 20, and according to Experian, my credit score is 712. According to Equifax & TransUnion, my credit score is 700. What is the minimum score required to get that type of card. Also, what is the credit score required to get a Amazon Store Card?
I already have a credit monitoring program. I don’t need any others. I just want my question answered.
Best answer:
Answer by KMcG
No idea what that score would be, but you shouldn’t have any problems with a score that high.
Add your own answer in the comments!
How can you raise you credit score even when you pay on time?
Question by amhjp1820: How can you raise you credit score even when you pay on time?
Ok, past credit messed me up. I have a judgement that’s almost paid off. I am trying to raise my credit score. I have 3 new accounts that I’ve paid on time for over 1 year. I read that one way to raise your score is to “piggy back” on a relatives good credit (have them add me to one of their good accounts and not use it) Is this safe, is it legal? I would love to hear constructive ways to increase my credit score. Please don’t judge me. Almost all of my “bad” credit accounts have been paid off. I put my sons first when the divorce came. They lived in the house that I paid for while I lived in a basement.
Best answer:
Answer by Sugarbaby
Did you know each time someone checks your credit score it goes down? I didn’t know this until they told us.
Add your own answer in the comments!
How do you lower your credit limit without lowering your overall credit score?
Question by Tim: How do you lower your credit limit without lowering your overall credit score?
I have only have one revolving credit card, and I have a very high credit score. Because of this overall score they subsequently increase my credit line, even though I don’t ask for or use this revolving line of credit. Question? I have been told if you ask for a credit line decrease they lower your overall credit score? Why? What can you do to minimize a lowered credit score?
Best answer:
Answer by missoctober003
I say keep the cards open because with a low balance on the card and a high limit it definitely makes your credit look better. Don’t worry about having that much credit in your name unless you plan on purchasing a loan from a bank. You aren’t using the card anyway, right?
Add your own answer in the comments!
Improve Credit Score for Motorcycle
Question by mdk72003: Improve Credit Score for Motorcycle???????
i have a credit score of 615 and i’m trying really hard to get a motorcycle or a loan for one. please somebody help me with a site or something i can go to. please no answers about how i should pay my bills on time to get better credit, i’m a college student i have no bills.
Best answer:
Answer by becky m
I wouldn’t recommend getting a loan off the internet. If your bank won’t finance you for a loan, then you’re just going to have to do what I know you don’t want to hear. Try to pay the things you currently have off before adding to your debt.
What do you think? Answer below!
Categories: Credit Score Questions Tags: Credit, Score
credit score go up?
Question by Giovanna R: credit score go up?
I have to pay 2,654 dollars and the lady said if I pay 1,900 for a settlement she would say it was paid all…but my question is will my credit score go back up once I paid the full amount
Best answer:
Answer by Helen Scott
Not over night…you’re going to have to work at it.
What do you think? Answer below!
Categories: Credit Score Questions Tags: Credit Score
Credit Cards and Credit Score?
Question by hhhthegame: Credit Cards and Credit Score?
I have 2 credit cards on my credit report that I’ve never used. I’ve heard that the less credit you have available the higher your score will be (less cards/credit to max out on). But I’ve also heard that if you close accounts it lowers your score. Should I close them?
Best answer:
Answer by Princess
I don’t think that it is true that if you have more credit you have a lower score. I have lots of cards (at least 8 or so) and I have a really high credit score. As long as you pay back what you owe on time, your score will be good. So, I wouldn’t worry about it.
Give your answer to this question below!
Categories: Credit Score Questions Tags: Credit, Score
Credit Score 690 to 850?
Question by MR3000: credit score?
I have a credit union visa credit card with a credit limit of 15K$
And Amex card with credit limit of 10K$
I spend around 3k$ including both the cards in a month.
Before the due date, i payoff all the amounts – 3k$ ( no finance charges ).
I don’t have any other loans.
I have credit score 690.
what is the possibility i will have the score of 850 in 2 years from now with this pace.
Is the high credit limit will affect my score ?
Best answer:
Answer by DAS
You should probably get a book on credit, FICO scores, how to increase your credit scores. There is lots of information out there about this subject.
Add your own answer in the comments!
Categories: Credit Score Questions Tags: Credit, Score
Q&A: Credit score?
Question by Yesenia M: Credit score?
How much will my credit score increase if I were to pay off 50% of my credit cards within a 2 month time frame? My current credit score is 568 and I’m hoping to increase it to 700 🙂 I’m planning on getting a car by the summer and I want a great credit score…
Best answer:
Answer by dbzapowerunknown
It takes time with credit, you are better off having a little balance and paying it off little by little, than to pay it all off at once!
Give your answer to this question below!
Categories: Credit Score Questions Tags: Credit, Score